LPL's Andy Kalbaugh
LPL Financial said Friday that Andy Kalbaugh, managing director and divisional president of National Sales and Consulting, will retire on March 31, 2021. Kalbaugh has been with the independent broker-dealer since 2007.
The firm has not tapped a successor and plans to conduct an external search to fill the role, which focuses on "the long-term growth, satisfaction and retention of LPL's financial advisors and institutional clients," according to the independent broker-dealer.
"We've been fortunate to have Andy as a leader at LPL for more than a decade, during which time he has created immeasurable value for our firm, for our advisors' practices, and for the financial institutions we support," said LPL President and CEO Dan Arnold, in a statement.
Kalbaugh joined LPL after the firm bought Mutual Service Corp., where the executive had worked for two years. Earlier, he was president and CEO of American General Securities Inc., from 1995 to mid-2007.
